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answer Exercise 7-13 (Algo) Determine straight-line depreciation for partial periods (LO7-4) Tasty Subs acquired a food-service truck on October 1, 2024, for $12,000. The company
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Exercise 7-13 (Algo) Determine straight-line depreciation for partial periods (LO7-4) Tasty Subs acquired a food-service truck on October 1, 2024, for $12,000. The company estimates a residual value of $3,000 and a six-year service ife. Required: Calculate depreciation expense using the straight-line method for 2024 and 2025 , assuming a December 31 year-end
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